TriNet Group, Inc. (NYSE:TNET) Receives $119.17 Consensus PT from Brokerages

Shares of TriNet Group, Inc. (NYSE:TNET) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $117.50.

Several research firms have issued reports on TNET. TD Cowen lifted their price target on TriNet Group from $129.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Needham & Company LLC dropped their target price on TriNet Group from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday. StockNews.com upgraded TriNet Group from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Finally, Stifel Nicolaus raised their price target on shares of TriNet Group from $117.00 to $121.00 and gave the stock a “buy” rating in a research note on Friday, February 16th.

Insider Activity at TriNet Group

In other news, SVP Alexander G. Warren sold 2,385 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $123.07, for a total value of $293,521.95. Following the transaction, the senior vice president now owns 18,365 shares of the company’s stock, valued at $2,260,180.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Alexander G. Warren sold 2,385 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $123.07, for a total value of $293,521.95. Following the transaction, the senior vice president now directly owns 18,365 shares in the company, valued at $2,260,180.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Samantha Wellington sold 14,271 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $124.88, for a total transaction of $1,782,162.48. Following the transaction, the executive vice president now directly owns 48,562 shares in the company, valued at $6,064,422.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,052 shares of company stock worth $3,837,142. Insiders own 37.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its position in TriNet Group by 84.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 807,212 shares of the business services provider’s stock valued at $94,024,000 after purchasing an additional 369,144 shares in the last quarter. Norges Bank acquired a new position in shares of TriNet Group during the 4th quarter worth $19,650,000. Wedge Capital Management L L P NC lifted its position in shares of TriNet Group by 253.6% during the 4th quarter. Wedge Capital Management L L P NC now owns 144,083 shares of the business services provider’s stock worth $17,136,000 after buying an additional 103,330 shares during the last quarter. Boston Partners acquired a new stake in TriNet Group in the third quarter valued at about $11,186,000. Finally, Cookson Peirce & Co. Inc. bought a new position in TriNet Group in the fourth quarter valued at about $7,777,000. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Stock Performance

Shares of TNET stock opened at $105.72 on Friday. The stock has a market cap of $5.35 billion, a PE ratio of 17.33 and a beta of 1.09. The stock has a 50-day moving average of $127.99 and a 200-day moving average of $119.38. The company has a debt-to-equity ratio of 12.62, a current ratio of 1.05 and a quick ratio of 1.05. TriNet Group has a one year low of $79.00 and a one year high of $134.67.

TriNet Group (NYSE:TNET) last announced its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.46. The company had revenue of $326.00 million during the quarter, compared to analyst estimates of $300.36 million. TriNet Group had a net margin of 7.62% and a return on equity of 87.97%. As a group, sell-side analysts expect that TriNet Group will post 5.79 earnings per share for the current year.

TriNet Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Thursday, March 28th. TriNet Group’s dividend payout ratio is presently 16.39%.

About TriNet Group

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.